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Starbucks SWOT Analysis 2016

I. VMO/History Name | Starbucks Corporation | Industries Served | Restaurants (Coffeehouses) | Geographic areas served | Worldwide (23,043 coffeehouses in more than 68 countries) | Headquarters | Seattle, Washington, United States | Current CEO | Howard Schultz | Revenue | US$19.163 billion (2015) 16.5% increase over US$16.448 billion (2014) | Profit | US$2.757 billion (2015) 33.3% increase over US$2.068 billion (2014) | Employees | 238,000 (2015) | Main Competitors | Caribou Coffee Company, Costa Coffee, Dunkin Brands Group, Inc., Green Mountain Coffee Roasters, McDonalds Corporation, Nestle S.A, and many other Restaurants and Coffee Houses. |

II. Introduction

The Starbucks Company was founded in Seattle in 1971 by Jerry Baldwin, Gordon Bowker and Zev Seigel with a vision to educate American consumers about the fine coffee drinking experience. In 1987 Howard Schultz took over the Starbucks Group, he wanted to create the Italian espresso bar experience in America by creating a personal relationship between the customers and their coffee. Just within a couple of years they grew from a small coffee business house to a multi-million dollar player in the industry by buying only the best coffee available and providing the people with an unmatched store experience. As standing, Starbucks is number one in the specialty coffee industry, with more than 12,000 shops in more than 35 countries. The Starbucks mission statement is "To inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. "

Freshly brewed coffee is the main product offered by Starbucks along with other drinks which include cold and hot teas, cakes and pastries. The Starbucks coffee comes in a many varieties each possessing a different taste, aroma and flavor.

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